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On the 10th day of Sam Bankman-Fried’s historic trial, Nishad Singh reveals how events up to the bankruptcy unfolded.&nbsp;
As FTX founder Sam Bankman-Fried’s trial reaches its 10th day, former Senior Engineer Nishad Singh is cross-examined by the defense. Yesterday, Singh testified how the former FTX CEO spent lavishly and made several large-scale investments from the platform’s funds.&nbsp;
 As the case resumes today, here are the top highlights:&nbsp;
<h2 class="wp-block-heading" id="cross-examination-of-nishad-singh">Cross-examination of Nishad Singh</h2>
<ul>
 <li>Nishad Singh participated in assessing Anthropic before FTX made the investment. </li>
 <li>Singh wanted to make a separate investment or donation to <a href="https://crypto.news/prosecutors-push-to-silence-sbf-on-ftxs-anthropic-investment/" rel="noopener noreferrer nofollow">Anthropic</a>. </li>
 <li>Singh received up to $2 million in bonuses from FTX and also borrowed $477 million. </li>
 <li>The reason for the loan was to make donations to a charity, but that never happened. </li>
 <li>He never received cash for that loan, it was only on paper.</li>
</ul>
Read more: <a href="https://crypto.news/sbf-trial-day-10-judge-kaplan-hints-at-early-november-conclusion/" rel="noopener noreferrer nofollow"> SBF trial day 10: Judge Kaplan hints at early November conclusion </a>
<ul>
 <li>Singh received a separate $10 million loan from the exchange for his parents. Some of it was also donated. </li>
 <li>Caroline Ellison sent a spreadsheet on June 22 to Bankman-Fried, Nishad Singh and Gary Wang. It showed a large negative amount; Bankman-Fried said it was a bug. </li>
 <li>There was $8 billion unaccounted for in the balance sheet. </li>
 <li>Ellison, Singh, and Wang were in a meeting about closing down Alameda, and Bankman-Fried was absent. Ellison said it wasn’t possible.</li>
</ul>
The jury is shown several pictures of Sam Bankman-Fried having dinner or visiting with celebrities and political leaders, including NYC Mayor Eric Adams.

FTX founder Sam Bankman-Fried’s trial day 10: Recap

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